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  2. Exempt property - Wikipedia

    en.wikipedia.org/wiki/Exempt_property

    Typically, exempt property includes a family car, and a certain amount of cash (perhaps $10,000-$20,000), or the equivalent value in personal property. Exempt property calculations and provisions are determined on a state-by-state basis. This is important within the bankruptcy process, and may affect an individual's decision to file Chapter 7 ...

  3. Chapter 7, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_7,_Title_11...

    In a Chapter 7 bankruptcy, the individual is allowed to keep certain exempt property. Most liens, however (such as real estate mortgages and security interests for car loans), survive. The value of property that can be claimed as exempt varies from state to state. Other assets, if any, are sold (liquidated) by the trustee to repay creditors.

  4. Missouri Department of Revenue - Wikipedia

    en.wikipedia.org/wiki/Missouri_Department_of_Revenue

    The Missouri Department of Revenue is a U.S. state government agency in Missouri created under the Missouri Constitution in 1945, which is responsible for ensuring the proper functioning of state and local government through the collection and distribution of state revenue, and administration of state laws governing driver licensing, and motor vehicle sale and registration. [1]

  5. What happens to my car when I file for bankruptcy? - AOL

    www.aol.com/finance/happens-car-file-bankruptcy...

    The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by state. Chapter 13 bankruptcy does not put your vehicle at risk, and you will continue to make payments under a ...

  6. Taxation in Missouri - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Missouri

    The Missouri Department of Revenue administers and collects the income and sales taxes, including local sales taxes, whereas property taxes are entirely administered by local jurisdictions. In addition to the aforementioned taxes, excise taxes are imposed on cigarettes and tobacco products, motor vehicle leases, and locally administered income ...

  7. Who exactly qualifies for the Missouri property tax freeze ...

    www.aol.com/news/exactly-qualifies-missouri...

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  8. Missouri legislators work to fix 2023 law freezing property ...

    www.aol.com/missouri-legislators-fix-2023-law...

    A 2023 law gave Missouri seniors the opportunity to freeze their property taxes. New legislation hopes to clarify how it will work. ... Greene County Collector of Revenue Allen Icet spoke in favor ...

  9. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...